Setting Up Business in Mauritius- The gate way to Africa, India and South East Asia
Recent budget measures, introduced in December 2016, have again enhanced Mauritius as a place to base regional activities. According to the Mauritius Financial Services Authority some 58% of investment made by global companies registered in Mauritius was destined for Africa, This is a major change from the historic perception built up over the last 25 years when the market that nearly all was destined for India. With more accountants per head of population than any other country there is a talent pool to service and develop your business needs through IQE Mauritius
It currently has 43 Double Taxation Treaties in place, mostly with Africa with a further 5 awaiting ratification and another 5 awaiting signature, Negotiations are taking place with a further 19 Counties.
For any Business that registers for a Global Headquarters Administration licence and establishes their regional administration, procurement and accounting offices in Mauritius will be eligible to satisfy certain criteria may receive an 8-year tax holiday.
At the same time under an Overseas Family Corporation licence together with non citizens investing a minimum of $25 million in Mauritius will be provided with a five year tax holiday. This opens up to the management of Family Offices from Mauritius especially on behalf of African Families. Currently according to the New World Investment Review it is now the fastest growing wealth market in Africa with over 3,200 millionaires (up 340% since 2000). This is expected to rise to 7,400 in 10 years
Similar benefits have also been granted to law firms setting up under a Global Legal Advisory Service Licence who establish their regional office and operations will receive a 5 year tax holiday. This may also be done under new legislation to create a limited liability structure.
A similar period of tax holiday is granted to holders of Asset Management Certificate. In order to receive such a certificate the applicant has to be resident in Mauritius and manage a minimum asset base of $100 mill over the last financial year.
For Further information on the business opportunities and how IQE are able to help you please contact in the first place
January 2017 Mauritius by a new Benchmark for the First Time
As part of the preparation for the World Economic Forum in Davos, INSEAD prepared the Global Talent Competitive Index (GTCI) which ranked Mauritius 46th out of 116 Countries in the survey. This is the first time that Mauritius has been included and ranks it 1st in its Sub- Saharan Africa group out of 19 Countries. This benchmark report measures the ability of a country to compete for talent and provides a tool kit of rankings for Governments, business and non-profit organisations. It is intended to help countries overcome talent mismatches and be competitive in the global market place. A copy of the full report is available on this link
The Mauritius fact rankings are attached
For Further Information on Mauritius please contact in the first place
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